Tag: Nirmala Sitharaman

Finance minister Nirala Sitharan announced to invest Rs 102 lakh crore in the infrastructure sector. This is to achieve the Narendra Modi government's vision to make India a $5 trillion economy by 2024-25. 

Finance Minister Nirmala Sitharaman said that the discussion about increasing GST rates to increase revenue is everywhere except in my office. She said this before the Goods and Services Tax Council (GST) meeting. She was answering questions asked to discuss the increase in GST rates of 5, 12, 18 and 28 percent to meet the reduction in revenue. It is said that due to the reduction in revenue, the payment made to compensate the loss due to the implementation of the new indirect tax system is being affected.

Finance Minister Nirmala Sitharaman on Wednesday while replying to a debate in the Rajya Sabha said that there is no recession in the economy. However, she admitted that there is slowdown, due to which the growth rate has come down. Citing the first tenure of UPA-2 (2009-2014) and NDA (2014-2019), inflation rate was low in the first term of the Modi government and the growth rate was moving very fast.

Finance Minister Nirmala Sitharaman has said that foreign investors will not find a country that loves democracy like India and respects the capitalists. Addressing the session held on Wednesday at the headquarters of the International Monetary Fund (IMF), Sitharaman said that the government is constantly improving to boost investment. India is still the fastest growing economy in the world. We have the best skilled manpower.

Finance Minister Nirmala Sitharaman said during a lecture at Columbia University on Wednesday that the tenure of former Prime Minister Manmohan Singh and former RBI Governor Raghuram Rajan was the worst period for public sector banks. During his time loans were given on the phone of close leaders. PSU banks are still dependent on capital from the government to get out of that morass. Sitharaman said that now it is his priority to help all public sector banks.

"I wished from day one, that it (GST) met with your satisfaction but I am sorry that it did not meet with your satisfaction. We cannot damn it...it was passed in Parliament and in all the State assemblies. It might have flaws; it might probably give you difficulties but I am sorry, it is the 'kanoon' of the country...I appeal to you to work together so that we have a better framework if it is giving problems now," said the Nirmala Sitharaman

The depositors of Punjab and Maharashtra Cooperative (PMC) Bank are protesting outside the BJP headquarters located at Nariman Point in Mumbai. A depositor named Krishna said, 'I don't know what she is doing. I don't care what she will do. I want my money back. I will never be able to earn any money that I have deposited in the bank.